Retirement plan

KT ENTERPRISES, INC. 401(K) PLAN

Name: KT ENTERPRISES, INC. - KT ENTERPRISES, INC. 401(K) PLAN (2024) Form 5500
Creator: KT ENTERPRISES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, KT ENTERPRISES, INC. 401(K) PLAN, KT ENTERPRISES, INC.

KT ENTERPRISES, INC.EIN 54-1086441Plan #001PY 2024

8040 INDUSTRIAL PARK COURT - BRISTOW, VA 20136703-222-0449ktenterprises.comLinkedIn1-10 employeesevents services

Prospect flagsLow returnsHigh feesFailed to transmit contributions

How to read this page

Total assets (EOY)

$20.6M

+8.1% from 2023

Total participants

325

-5.0% from 2023

Average account balance

$81,224

+15.3% from 2023

Annual return

10.32%

-3.19 pp from 2023

Benchmarks

See 832 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants250-999

Cohort832 peers

Snapshot2024

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$20.63M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$81K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

254

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

74.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.53M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+10.32%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$507

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Top 8 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY9 years Service code 13 · EIN 42-0127290	Contract Administrator	$121,466
SUNTRUST BANKS, INC.4 years Filed as: TRUIST ADVISORY SERVICES, INC. Service code 27	Advisory (Plan)	$26,334
RETIREMENT PLANNERS & ADMINISTRATOR5 years Filed as: RETIREMENT PLANNERS AND ADMINISTRAT Service code 13	Contract Administrator	$19,212
THE RETIREMENT ADVANTAGE INC4 years Filed as: RETIRMENT PLANNERS AND ADMINISTRAT Service code 13	Contract Administrator	$19,212
THOMPSON HINE2 years Filed as: THOMPSON GREENSPON CPA & ADVISORS Service code 10 · EIN 54-1029635	Accounting	$17,750
RETIREMENT PLANNERS & ADMINISTRATOR4 years Filed as: RETIRMENT PLANNERS AND ADMINSTRATOR Service code 13 · EIN 62-1038805	Contract Administrator	$7,200
SUNTRUST BANKS, INC.3 years Filed as: TRUIST ADVISORY SERVICES INC Service code 27 · EIN 37-1808847	Advisory (Plan)	$0
WILSHIRE ASSOCIATES INCORPORATED3 years Filed as: WILSHIRE ADVISORS LLC Service code 27 · EIN 95-2755361	Advisory (Plan)	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D3H

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

3 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$129K

$463 / participant

Contract admin$129K100.0%

% of EOY assets

0.624%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: THOMPSON GREENSPON
Auditor EIN: 541029635
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$81,224

$45,109+80.1%

$85,187-4.7%

$77,736+4.5%

Participation rate

74.5%

48.7%+25.8pp

67.5%+6.9pp

70.6%+3.9pp

Annual return

10.32%

79.55%-69.2pp

66.67%-56.3pp

31.26%-20.9pp

Employer contribution / active EE

$1,745

$1,602+8.9%

$2,732-36.2%

$2,728-36.0%

Participant deferral / active EE

$3,746

$2,814+33.1%

$4,525-17.2%

$4,651-19.4%

Admin fee / account holder

$507

$915-44.6%

$6,162-91.8%

$433+16.9%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY9 years

Service code 13 · EIN 42-0127290

Contract Administrator

$121,466

SUNTRUST BANKS, INC.4 years

Filed as: TRUIST ADVISORY SERVICES, INC.

Service code 27

Advisory (Plan)

$26,334

RETIREMENT PLANNERS & ADMINISTRATOR5 years

Filed as: RETIREMENT PLANNERS AND ADMINISTRAT

Service code 13

Contract Administrator

$19,212

THE RETIREMENT ADVANTAGE INC4 years

Filed as: RETIRMENT PLANNERS AND ADMINISTRAT

Service code 13

Contract Administrator

$19,212

THOMPSON HINE2 years

Filed as: THOMPSON GREENSPON CPA & ADVISORS

Service code 10 · EIN 54-1029635

Accounting

$17,750

RETIREMENT PLANNERS & ADMINISTRATOR4 years

Filed as: RETIRMENT PLANNERS AND ADMINSTRATOR

Service code 13 · EIN 62-1038805

Contract Administrator

$7,200

SUNTRUST BANKS, INC.3 years

Filed as: TRUIST ADVISORY SERVICES INC

Service code 27 · EIN 37-1808847

Advisory (Plan)

WILSHIRE ASSOCIATES INCORPORATED3 years

Filed as: WILSHIRE ADVISORS LLC

Service code 27 · EIN 95-2755361

Advisory (Plan)

KT ENTERPRISES, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

KT ENTERPRISES, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion